- China’s Ministry of Finance issued Announcement No. 9/2026 on the scope of VAT.
- Goods subject to the 9% VAT rate include various agricultural products, utilities, fuels, publications, and agricultural supplies.
- VAT also applies to certain services, intangible assets, and real estate transactions, such as transportation, installation, exhibitions, and land use rights.
- The announcement took effect on January 1, 2026.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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